📊 TIPs to trade the current market:
You can open very short-trades (scalping) with tight Stops to take advantage of the FOMO (get in, get out). Volatility is insane, Good Luck with your Stop Losses.
You can buy to HOLD for a LONG-term investment. Of course this is not the best Entry cause you are buying the TOP of a FOMO so you need to prepare yourself psychologically that a correction might happen.
You have been HOLDING for a while now. You can either SELL in profit if you are a short-term trader (but I would suggest a trailing Stop very low). Or you can HOLD for the LONG-term either. It's up to you what you want from your trades.
You wait for a Market Correction to find better Entries. NO-FOMO.
Buying a coin in pure FOMO for a "Quick Profit" without a STOP-LOSS is a recipe for suicide at the moment. Yes, you might get lucky and get that spikes that will give you 20% but how many times can you get lucky?
For further any queries
Ask @luckys
Posted using Partiko Android
Thank you so much for being an awesome Partiko user! You have received a 100.00% upvote from us for your 21245 Partiko Points! Together, let's change the world!
What is FOMO?
Posted using Partiko Android
Fear Of Missing Out (FOMO)
Posted using Partiko Android